Bill > HR5984

This bill, called the "American Manufacturers over Argentine Bailouts Act," prohibits the Secretary of the Treasury from providing financial support to Argentina using the Exchange Stabilization Fund (a fund typically used to manage exchange rates and provide international financial stability). More significantly, the bill establishes a financial relief program for small and medium-sized U.S. manufacturers to offset negative financial impacts from tariffs imposed between January 20, 2025, and January 20, 2029. To qualify for relief, manufacturers must be U.S.-based, employ fewer than 500 people, source at least 50% of steel and aluminum inputs domestically, and not source inputs from foreign entities of concern. Manufacturers must submit an application describing their goods, tariff-impacted production inputs, and the financial harm experienced. The Secretary of the Treasury is authorized to provide up to $20 billion in direct or indirect financial support, with the relief amount matching the financial harm caused by the applicable tariffs. The bill aims to protect and support domestic manufacturers by mitigating the potential economic challenges created by international trade policies.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/5984/all-info